501 days ago • Posted by Paul de La Baume

#Alibaba's Ant gets approval to expand capital $BABA $KWEB #stocks #trading #China #tencent

Alibaba’s Hong Kong-traded shares traded 8% higher Wednesday on the positive news that Ant Group’s consumer finance unit has received approval to more than double its registered capital, a first sign of progress since the cancellation of Ant's IPO in late 2020. Could it be a new positive era for Chinese tech?

#Stocks #Technology